The clean energy unit of oil and gas giant Petronas made its first foray in February and is now planning more solar, wind and storage
“The target for us is obviously to grow this market into a much larger one,” Low said in Sydney on Tuesday. “Our internal targets are [to have] between five and eight gigawatts of installed capacity by 2030.”
Australia’s well-publicised challenges of getting new renewables from the planning stage to operation – including“All countries have challenges,” Low said. “It is quite fundamental for us that we actually get buy-in from the local stakeholders [when] we access their land and … build our investments.”
Initially, Gentari’s focus will be the eastern states that make up the national electricity market. It is also considering projects in Western Australia, particularly batteries coupled with solar, said Andrew Barson, the chief executive of Gentari Solar Australia. Barson will oversee the Maryvale solar and energy storage project in New South Wales and the similar Barnawartha project in Victoria. Both are expected to reach final investment approval soon with a combined capacity of more than 500MW.
Gentari, which operates renewable plants in Malaysia and India, sees its renewable projects in Australia as a “first flag”, Low said. Investments in green hydrogen and later electric vehicle charging – the company’s two other pillars – may eventuate in the future.
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